What 7 Successful Companies Can Teach You About Product Development

Building a digital product is hard. Finding the right team to build it? That’s even harder.

You’ve got an idea, maybe it’s an app that’ll change your industry, or a platform that solves a problem you’ve been wrestling with for years. But your in-house team is stretched thin, or maybe you don’t have the technical chops to pull it off. That’s where product development services come in.

Some companies have built entire businesses around helping others bring digital products to life. They’re not just coding shops, they’re strategic partners who’ve shipped hundreds of products across industries. Let’s look at seven custom software development companies that consistently deliver, and break down what makes them different.

1. Relevant Software: Full-Stack Teams That Care About Outcomes

Relevant Software has built a solid reputation since 2013 by focusing on delivering working products that solve real problems.

Their expertise: Web and mobile app development, cloud solutions, IoT platforms, AI/ML integration, and marketplace development.

What they offer: Dedicated development teams, product discovery workshops, MVP development, full-cycle product engineering, and technical consulting.

This team operates more like a product partner than a vendor. They run discovery workshops before writing code, helping clients figure out what actually needs to be built. Their teams stay small and focused, you’re not getting a rotating cast of developers. Continuity matters more than people think.

2. EPAM Systems: Engineering Excellence Meets Industry Depth

EPAM started in 1993 and has grown into one of the largest product development services providers globally, with over 52,000 employees across 50+ countries.

Their expertise: Software engineering, digital platform development, cloud migration, data analytics, and AI/ML integration. They’ve built deep practices in finance, healthcare, travel, and retail.

What they offer: End-to-end product development, legacy modernization, dedicated development teams, and DevOps services.

What sets EPAM apart? They don’t just throw bodies at problems. They hire top-tier talent and build teams that understand your industry’s regulations and technical challenges. Their client list includes UBS, Expedia, and Thomson Reuters, companies that demand excellence. They also excel at legacy modernization, taking 20-year-old systems and transforming them into modern cloud-native products.

3. Intellectsoft: Startup Agility with Enterprise Reliability

Founded in 2007, this company has built a sweet spot between startup flexibility and enterprise-grade delivery. They’ve worked with brands like Harley-Davidson, Guinness World Records, and Eurostar.

Their expertise: Mobile app development, enterprise software, blockchain solutions, IoT applications, and AI-powered products.

What they offer: Full-cycle product development from concept to launch, UI/UX design, MVP development, dedicated teams, and ongoing product support.

The company emphasizes rapid prototyping before committing to full development. They’ll build clickable prototypes to validate concepts, saving clients from investing heavily in ideas that don’t resonate with users. Their team structure blends designers, developers, QA engineers, and product managers from day one, no siloed departments throwing work over walls.

4. Toptal: The Top 3% Talent Network

Toptal takes a different approach. They’re a curated talent network that connects you with freelance developers, designers, and product managers from the top 3% of applicants.

Their expertise: Software development across all major technologies, product design, project management, and finance expertise.

What they offer: On-demand access to pre-vetted senior developers and designers, flexible engagement models (hourly, part-time, full-time), and the ability to scale teams quickly.

Toptal’s screening process is brutal, less than 3% of applicants make it through. This means you’re getting experienced professionals who can hit the ground running. The flexibility is killer. Need a React developer for three months? Done. Want to add a product designer for the discovery phase? No problem. Not every project needs a full-time team. Sometimes the smartest move is accessing specialized talent exactly when you need it.

5. Luxoft: Where Finance Meets Technology at Scale

Luxoft (now part of DXC Technology) has carved out a serious niche in financial services and automotive industries.

Their expertise: Financial software development, automotive software, digital banking platforms, trading systems, and regulatory compliance solutions.

What they offer: Custom software development, dedicated development centers, quality assurance, digital transformation consulting, and ongoing support.

Luxoft understands the complexity of financial regulations and legacy banking systems. They’ve built trading platforms, core banking systems, and digital wallets for major institutions. They also run dedicated development centers, essentially building offshore teams that function as extensions of your organization.

6. Softeq: Hardware-Software Integration Specialists

Softeq brings something unique, they specialize in products where hardware and software need to work together seamlessly.

Their expertise: IoT product development, embedded systems, wearable technology, healthcare devices, and smart home solutions.

What they offer: Full-stack IoT development, embedded software engineering, mobile and web applications, cloud infrastructure, and quality assurance across hardware and software.

Building a connected device is exponentially harder than building a pure software product. You’re dealing with firmware, connectivity protocols, battery optimization, and physical manufacturing constraints. Their teams understand all these layers. They’ve worked on everything from fitness trackers to medical devices to industrial IoT systems.

7. N-iX: Scaled Engineering Teams Without Quality Compromise

This company has been around since 2002 and has grown to over 2,000 specialists. They’ve worked with Gogo, Lebara, and Fluke.

Their expertise: Cloud solutions, big data and analytics, machine learning, enterprise software development, and business intelligence platforms.

What they offer: Dedicated development teams, software product development from scratch, platform modernization, data engineering, and ongoing maintenance.

This provider excels at scaling development capacity quickly without sacrificing quality. Need to go from a team of five to fifty? They can do it while maintaining code quality and team cohesion. They invest heavily in R&D and emerging technologies, which means your team brings fresh approaches to old problems.

What Separates Great Partners from Mediocre Ones

Looking across these providers, patterns emerge that you should look for when choosing product development services.

They validate before building. Whether it’s rapid prototyping or discovery workshops, the best partners help you figure out what to build, not just how to build it.

They bring industry context. Financial expertise, regulatory knowledge, hardware experience, domain knowledge saves time and prevents costly mistakes.

They structure teams for stability. You’re not getting a revolving door of contractors. You’re getting dedicated teams that learn your business and stick around.

They’re honest about constraints. Good partners tell you when timelines are unrealistic or when technical approaches won’t work. They’re invested in your success, not just collecting fees.

How to Choose the Right Custom Software Development Company

Start with your specific needs. Building an IoT device? Look for hardware-software integration expertise. Need to modernize legacy banking systems? Seek out financial domain specialists. Want flexible access to senior talent? Consider talent networks with rigorous vetting.

Ask about their discovery process. Companies that jump straight to estimation without understanding your business are red flags. The best partners spend time learning your domain before proposing solutions.

Look for proven experience in your industry. Generic development skills only get you so far. Domain expertise accelerates everything and prevents rookie mistakes.

Evaluate their communication style. You’ll be talking to these people daily. If the sales process feels opaque or pushy, imagine what the development process will feel like.

Summing It Up

Product development services exist because building great digital products requires diverse expertise and experience that most companies don’t have in-house. These specialized providers have learned through thousands of projects what works and what doesn’t.

They understand that product development isn’t just about writing code, it’s about understanding problems deeply, validating solutions early, and building with quality from the start.

Your company doesn’t need to do everything in-house. Sometimes the smartest move is partnering with people who’ve solved similar problems hundreds of times before. The key is choosing partners who’ll invest in understanding your business, communicate honestly about challenges, and bring genuine expertise to the table.